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20121227
20121227
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Search Results 0 to 49 of about 169 (some duplicates have been removed)
CNBC
Dec 27, 2012 4:00am EST
to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take including suspending state and local government securities and investments in the federal employee pe
LINKTV
Dec 27, 2012 8:00am PST
the u.s. will reach its federal borrowing limit on new year's eve, threatening the same default that was narrowly avoided last year. in a letter to lawmakers, geithner vowed to take extraordinary measures to avoid a new default but said any remedies would only be short- term. the u.s. has acknowledged for the first time a carried out a september drone strike that killed 11 people in yemen. the victims were packed into a truck on a desert road in a town of radda when they're struck by a missile. the washington post reports the yemeni government tried to hide u.s. responsibility for the attack by taking credit for carrying it out. the yemeni government also initially claimed only militants were killed in the strike, or forced to withdraw that claim after mourners tried to bring the dead bodies to the gates of the presidential residence. according to the washington post, the attack has devastated the community and militants in surrounding areas have gained more recruits for their fight against the u.s.-backed yemeni government since it occurred. diplomatic cables released by wikile
FOX Business
Dec 27, 2012 12:00am EST
fast. if that weren't bad enough, the treasury now says the u.s. will hit the debt ceiling on new year's eve. will this be a game-changer for reaching a deal? >>> plus as if the fiscal cliff wasn't bad enough, now critical ports across the u.s. could be brought to a standstill starting this weekend. we'll explain how a looming union worker strike could sink businesses across the united states. >>> the major sports leagues do a touchdown dance after a federal judge's ruling. their lawsuit to spike sports gambling in new jersey get as crucial green light but new jersey isn't taking it sitting down. details how that state is fighting back and preparing to give vegas a run for its money. even when they say it's not, it's always about money adam: thank you for joining us. we want to look first at the day's market headlines. stocks slid for the 30 straight session. mediocre holiday seas and deadlock over fiscal cliff gave investors little to get excited about. the dow fell 24 points. the so-called fear index or the vix, soaring more than 4%. fiscal cliff concerns pushed the index to the high
LINKTV
Dec 26, 2012 7:00pm PST
treated for lung infection and gallstones. u.s. president george h. w. bush has been moved to an intensive care unit, the 8-year-old suffering from a fever that has worsened. a spokesperson says he is in guarded condition but is alert and able to converse with medical staff. the suicide bomber has killed three people at a u.s. base in afghanistan. if the explosion happened at the operating base. have that giant palo? you through the top stories. egypt's opposition will continue to protest against what it is calling a fraudulent referendum. the president says he knows he has made mistakes but now's the time for national unity. a bombing raid has reportedly killed 20 people. and the head of the military police has defected saying that the government has turned into a gang of murderers. massive explosion and a fireworks were house and the largest city. a densely populated district of labor. japan pose a newly elected prime minister is vowing to -- japan's newly elected prime minister is vowing to -- >> a second chance to make a mark. he stages a comeback of his career, and japan -- named japa
PBS
Dec 26, 2012 4:30pm PST
. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get redeemed. but for retailers, holiday sales so far have been a flop. sales in the two months leading up to christmas, rose just 0.7%, according to mastercard advisors that tracks the numbers. that's way below what the retail industry was predicting. erika miller spoke with retail expert dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on retailers for not having inspiring merchandise and how much of it are just factors beyond their control like the economy and the fiscal cliff? >> i thi
KCSMMHZ
Dec 27, 2012 6:00am PST
that the market is surging too quickly. others are waiting to see if the u.s. can avoid the so-called fiscal cliff before the year-end deadline. >>> and bond traders in tokyo are selling japanese government bonds or jgbs. they expect the new administration will issue more bonds to finance its stimulus measures. this sent jgb yields to a three-month high. the ten-year yield on the jgb topped 0.8% on thursday, the highest level since september 21st. yields rise when bond prices fall. analysts say more investors are shifting their financial assets from bonds to stocks so this will cause interest rates to inch up for a while. >>> u.s. treasury department officials have alerted congressional leaders about the debt ceiling. the government will reach this in about two months and the country could suffer a self-inflicted default. congress currently sets the borrowing limit at $16.4 trillion. the national debt rose because of a series of deficit-covering bonds were issued. the government and the republican party are at odds over the issue. the political stalemate in the summer of 2011 over raising the debt
PBS
Dec 26, 2012 7:00pm PST
on which japan's security is based. strengthening u.s./japan alliance is the first step towards rebuilding japan's diplomacy and security. >> abe promised his government would take the lead in rebuilding northeastern japan. he will achieve results as soon as possible to regain the trust of the japanese people. he said his cabinet is designed to overcome crisis. he was elected as prime minister, a post he held before between 2006 and 2007. he's the first politician in 64 years to return to the position after resigning. abe filled the cabinet with familiar faces and new ones. he appointed suga as chief cabinet secretary. that makes him the head government spokesperson. aso is his deputy. he will serve as finance minister and financial services minister. the new foreign minister is fumio kishida. he served in the previous cabinet. onodera is defense minister. he's well versed in dip ro mat tick and security issues. he chaired a lower house committee in okinawa and the northern territories. a newly created post for akira amari for the council on economic and fiscal policy which was cut by the
CNN
Dec 27, 2012 1:00pm PST
by the u.s. state department, the number of russian children adopted by american couples has increased significantly in the last few years. in 2004, the number was more than 5800 compared to only 962 last year. over the last 20 years, americans have are adopted more than 60,000 russian children, more than any other country. >> we remain committed to supporting inter-country adoptions between our two countries. the welfare of children is too important to be linked to political aspects of our relationship. >> reporter: the bottom line, says this expert, it is ultimately the children who will suffer because there aren't enough families in russia willing to adopt. >> there are, by some estimates, 700, 750,000 children in orphanages, in institutions in russia. they don't have that many families stepping up. >> reporter: the need is especially great for children with special needs like vatali. >> we rely on our faith and hope in jesus christ and that's what is going to get us through this. but it would just be devastating for those kids. >> reporter: the moyers already have two biological ch
PBS
Dec 26, 2012 7:00pm PST
to continue to improve through the end of next year, and he believes that rebound in prices will help the u.s. economic recovery. still ahead, the outlook for stocks in 2013, we're joined by wayne kaufman, he's the chief market analyst at john thomas financial. president obama is due back in washington tomorrow, cutting short his hawaiian holiday vacation. he will be meeting with congressional leaders for one last push to prevent the economy from falling over the fiscal cliff next week. no specific bill is on the schedule in the senate or the house, and house republicans haven't yet called their members back to washington. and hopes for a deal by the december 31 deadline are fading. darren gersh reports. >> reporter: the odds of avoiding the fiscal cliff did not get any better over the holiday. staff discussions continue, but there were few signs much, if anything has been accomplished. the house isn't even scheduled to return to washington yet, leaving it up to the senate to act. >> this is a senate that is incredibly divided, hopelessly partisan, requires 60 votes to do anything and somehow
FOX News
Dec 27, 2012 12:00pm PST
limit is $16.4 trillion. he says the obama administration will work to make sure the u.s. does not default on loans right away but the debate will be another drag on the economy. with us, the chief business correspondent for u.s. news and world report, rick newman, and author of rebounders, how winners pivot from setback to success. talk about the debt ceiling for us, first of all, welcome. talk about the debt ceiling and how it affects us. we here horror scenarios about the red -- credit rating. >> one good thing you can say about reaching the debt limit is it's not a surprise. everybody has known this is coming up. the government will continue to function for a couple more months. emergency measures will be used to keep the money flowing, so to speak. this is unrelated to the fiscal cliff, so it's an additional problem that everybody has to deal with. of course the worst thing is we know how horrible it was the last time the debt ceiling needed to be raised in the summer of 2011, it went down to the wire and it looked as if there was a chance the united states would not raise
FOX Business
Dec 27, 2012 3:00pm EST
tanked. the senate majority leader said nothing is happening in budget talks and looks like the u.s. is heading for the so-called fiscal cliff. he compared it to the ball dropping on new year's eve dropping on times square more ominously. more from the nation's capitol. in terms of industry groups and what is not working we start with financials. they're the biggest drag. money center banks like bank of america down 1 1/4%. goldman down 1%. morgan stanley down .8 of a percent. all those stocks are under pressure. tech stocks notably weak. apple inching to the round 500 dollar level. down to 510. it was north of 700 when iphone 5 came out early september. so the bear market continues to apple. as you can see, google also down, down about five bucks on the day. ibm down slightly a .10 or two. hewlett-packard off today, down one 3/4%. coming up later we have a contrarian investors sees big opportunity for hp in 2013. he nailed down the move in bank of america this year. he said it was the stock to buy. he was right. stick around for what he has to say about hewlett-packard. interesting
CSPAN
Dec 27, 2012 12:00pm EST
be able to know as u.s. senators working to protect the -- the fourth amendment. mr. president, we have always struck a balance in this country between an overbearing government and the important pathway to obtaining information relevant to our national security. the amendment that i'm laying forth strikes that balance appropriately. it urges the process to continue of providing an understanding of what the secret court interpretations are. that's very important in democracy. it provides the appropriate balance with national security. it gives clear decision-making authority to the attorney general in this process and in that sense, it does the best possible path that honors national security concerns while demanding transparency and accountable for this issue of privacy and protection of the fourth amendment. thank you, mr. president. mr. wyden: mr. president? the presiding officer: the senator from oregon. mr. wyden: how much time for purposes of general debate remains on our side and how much under the control of the distinguished chair of the committee? the presiding officer: the op
KCSMMHZ
Dec 27, 2012 2:30pm PST
. >> in afghanistan, a suicide bomber has killed at least three people at a u.s. military base. >> the man blew up a car packed with explosives. police say at least six others were injured. the taliban has claimed responsibility for the attack, which came just days after a shooting inside police headquarters. the egyptian president has signed into law a controversial new constitution after official confirmation should a clear majority for the document in a referendum. >> morsi is due to address parliament on saturday after appointing 90 members to the senate. >> critics say the new basic law is islamist and undemocratic. >> the opposition kept up its protest for weeks, but it was not enough. anchor fled on the streets of cairo after official results were announced. critics say the referendum was marred by fraud. am i in my opinion, the revolution continues, and the constitution does not exist. a constitution has to be for everyone, not split the people of egypt. >> everybody knows the results are wrong. i will continue protesting peacefully until our demands are met. >> egypt's election commission
LINKTV
Dec 27, 2012 5:30am PST
>> syrian government forces bombarded the city. there's no russia-u.s.-backed peace plan on the table. this is al jazeera, live from our headquarters in doha. an assassination that shocked the world. five years after the death of benazir bhutto, are we any closer to knowing who killed her? president obama cutting short his holiday to take up the financial fight in washington. plus -- >> in central kenya, this is one of the last remaining northern white rhinos in the world. new technology could help protect it. >> welcome to the program. i wish there was a plan, words from the man trying to broker a peace deal in syria. international envoy lakhdar brahimi made the comments in the last few hours at the end of a trip to syria. he met with representative poe representatives from both sides. >> some have come here to market a russian-american project. i wish there was a russian- american project. hence, i did not come here to market it. >> the syrian government delegation led by the country's deputy foreign minister has been in russia for talks. he was reportedly sent to mosco
CNBC
Dec 27, 2012 1:00pm EST
leader harry reid says the u.s. is probably going over the fiscal cliff. he's planning a news conference. we don't have the exact time. when it goes, we'll go there. investors getting quite nervous. obviously the dow dropping below 13,000. the first time since early december. fear index is spiking the vick. what going over the cliff will mean for you and your money. we will talk about it this hour. >>> airline stocks flying high sitting at 1 1/2 year highs. will it be smooth skies for the industry next year in 2013. phil lebeau has the report. >>> how about housing? what a story housing has been this year. a milestone. home prices on track for their first year-over-year gain since 2006. is the worst finally over? some say yes, others say no. what does michelle caruso-cabrera say. >> tyler, let's drill down to the numbers you were talking about. only four hours to go until america goes over the fiscal cliff. the dow jones industrial average down 113 points. had been down 148 points. look at that as we come on the air back above 13,000 level, not by much. the nasdaq, the biggest decline. 3
FOX News
Dec 27, 2012 12:00am PST
for the eastern seaboard. doug? >> doug: mike tobin in chicago. thank you. u.s. shoppers spent cautiously this holiday season. retailers saw the worst year over year performance since 2008. markets were down slightly. the dow dropped 24-1/2. the s&p 500 slipped 7. nasdaq fell 22.5. president obama has been in hawaii for some holiday r&r. the republican lawmakers are likely hoping that means he is rested and ready make a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having empl
FOX News
Dec 27, 2012 10:00am PST
with former u.s. ambassador to the u.n. john bolton how and why these officials still have their jobs. gregg: just four days to the new year and potentially the fiscal cliff so far little to know progress reported in making a deal to avert across the board tax hikes for 90% of the american households. it's been 10 days since the president and the speaker held any substantial face-to-face meetings. is time up or is it still possible for both sides to reach a last minute deal? let's put the question to byron york of the "washington examiner". too late or, gosh, maybe this is so easy you can wait until the last minute? >> i guess it depends whether you believe in miracles, gregg. gregg: i don't. >> the only thing that is really happening is the days are ticking by. i think what we've got is, you go first situation here. remember, after the so-called plan b failed in the house, john boehner, speaker of the house said, look, it's up to the senate. we'll not do anything more. we already passed a bill a while back that would extend bush tax cuts for everybody. it is up to the senate to do something
FOX Business
Dec 27, 2012 1:00pm EST
to the president's desk. tracy: click and expedient. lori: the efficiency. tracy: u.s. government set to hit the legal borrowing limit on monday. 16.$4 trillion federal debt limit beginning to come down and toch congress passes legislation or defaults. treasury secretary tim traders said the treasury would begin to undertake "extraordinary measures to stave off default quote that could $3,200,000,000,000 of additional funding which would give them two more months this is creative accounting. we have many. lori: the overspending is the understatement. the bond yield is lower investors are thinking this is the safest bet stocks are falling the dow was off 100 points europe is a mess in china slows down the global economy in dire straits and we cannot stop spending there is no message in interest rates are rising as they should to prepare for another downgrade which is very concerning talking about the economic data data, consumer confidence falls over fiscal cliff uncertainty and warning the government is set to hit the legal borrowing limit by a monday. we have bill rodgers from rutgers unive
FOX News
Dec 26, 2012 7:00pm PST
. we begin with the harrowing ordeal with u.s. marine january homer jr. after spending four months in a mexican jail, often chained to his bed. he was released to his family in time for christmas but his story doesn't stop there. eddie joins us. >> you have been in communication with him. how is he doing? >> thank you very much for having me, kimberly. he's doing okay. they arrived to miami to their house sometime late in the evening monday. tired. they had a long drive, as you probably know. they had to run into the hospital in louisiana but he's holding up. he cannot be standing for a long time. he's taking quality time, i would call it down time to be with the family and rebudding and expecting and waiting for some tests to come back, see what the prognosis and whatever they have to heal. and mentally, of course, and emotionally and medically, as well. >> everyone is overjoyed at his release, of course, in time for christmas. but it has been an incredible ordeal for him both physically and emotionally. and his family, his mother said she couldn't rest or sleep at night until he
CNN
Dec 26, 2012 8:00pm PST
, that the u.s. house of representatives has acted. we're waiting for the senate to act and i believe that as soon as they act we'll be back in town to find some forge -- some pathway forward. >> well, a senior white house official told cnn tonight to that point, they said we believe strongly a reasonable package can get majorities in both houses. the only thing that would prevent it is if speaker mcconnell and speaker boehner don't cooperate. do you think mcconnell and boehner are in the mood to cooperate with president obama? >> i do believe they're in a mood to cooperate. they've talked -- and speaker boehner's talked for a long time about a grand bargain, about a big deal, about trying to find some major solution going forward. but the senate hasn't acted on anything, so i think we have to be careful on just placing the blame on mcconnell or boehner. without adding in to this mix, senator harry reid who is running the senate and have failed to act on anything yet. >> will you support whatever short-term deal the republican leadership supports? >> i don't know what i'm going to sup
PBS
Dec 27, 2012 3:00pm PST
morsi and the country's new constitution. the new u.s. senator from hawaii democrat brian schatz was sworn in today. he'd been lieutenant governor for the last two years. now, he replaces fellow democrat daniel inouye, who died this month at the age of 88. schatz took the oath of office on the senate floor after being tapped by hawaii's governor. the new senator said he'll seek election in his own right, in 2014. inouye wanted hawaii congresswoman colleen hanabusa to take his seat. she said today she respects the governor's choice. those are some of the day's major stories. now, back to margaret. >> warner: we turn now to russia, where a proposed new law on adoptions, causing alarm in the united states, came a step closer to being enacted today. ray suarez has the story. >> reporter: in moscow today, president vladimir putin said he does intend to sign a bill that bars americans from adopting russian children. >> you know, after all in the world there are probably a lot places where the quality of life is better than here, but so what? are we going to send all the children there?
CNBC
Dec 27, 2012 9:00am EST
the markets pull back more to crystallize what this could mean for the u.s. economy to members of congress. we didn't see that. it is a numbers game though in terms of what will happen. we know need 60 votes to clear a fill buster in the senate. seven republicans need to go along a lot of jockeying that needs to be done, even if we have a deal put forth. >> interesting what the market is pricing in. we thought the market wanted a grand deal. clearly, dennis you willing to put up with a band-aid. >> i have been surprised how static it has been, the stock and the bond markets, carl. i think the market, i think, has internalized that idea we are just going to shuffle along for a period, the beginning of january. then for another six to nine months. the bigger question really becomes beyond the equity market in particular, becomes the real functioning economy of this country. we are going to be stuck again. we went through sandy, that was a natural disaster, to think that all this really is man made, still boggles the mind. >> sickening. especially with claims back to 350, decent number this morni
CNN
Dec 27, 2012 9:00am PST
saying the differences in the u.s. congress over the fiscal cliff could be settled if. that's what he's really saying in this press conference in damascus. the elements are there under plan world powers agreed to back in jeune. but, of course, getting agreement if there fr. the assad side and the rebels the and the government, that's a tall order. he's an experienced negotiator. there seems to be some momentum with a flurry of talks and shuttle-type dip ploemmy but he still said and lamented syria is deteriorating rapidly. and as he said there's no u.s./russian plan. there may be discussions on options. can will there a transitional government formed and then elections but we're still not at that stage yet, suzanne. >> do we think he's bringing anything to the table that kofi annan did not who failed in brings these sides together? >> yes. and in failed, it may be a matter of timing. certainly the matter of violence has an eastbound. 40,000 report lid dead. brahimi has not had that success either but he's plugging away. he's been the man in the field from the u.n. from haiti to yemen.
FOX News
Dec 27, 2012 3:00pm PST
is in the final hours. today, the u.s. is heading over the cliff. >> what goes away next week is the bush tax cut that they loathed since they went in place a secon decade ago. don't assume the president wants to cut a deal. he wants to see if he'll be blamed for it before they negotiate. they talk about the meeting tomorrow with the president and key congressional leaders. >> thank you. if the fiscal cliff can be avoided there is another gigantic hurdle awaiting the lawmakers. >> they will hit the credit limit of $16.4 trillion on december 31. the nation thereafter can't pay the bills unless congress raises the limit. >> with a new congress in january we need to revisit an finally give ourselves the determination to solve not only our short-term debt but the long-term debt. >> they raised the debt limit 11 times in a decade. most recently in august 2011 after a bruising political fight. democrats accuse republicans of using the debt limit as political "leverage" to press for spending cuts. a point they tried to make with a jarring comparison. >> this is somewhat to taking your child hos tam and
CSPAN
Dec 27, 2012 9:00am EST
school, served as a commissioned officer in the u.s. navy and was an assistant u.s. attorney in new york. please welcome alan morrison. [applause] >> thank you, roger. i also have the distinction of two things. one, i read and commented on stuart and rick's book. i don't want to get any medal of honor for that. my name is in the acknowledgments, i found it today, so nobody's come after me yet. laugh and if you think it's insend yea -- incendiary now, you should have read the draft i read. [laughter] i'm one of the few lawyers who did not file a brief in the fisher case. [laughter] okay. so let's begin by remembering that fisher is a concrete lawsuit and not an academic debate about the values of affirmative action. the question in this case is did the university of texas violate the equal protection clause in connection with its undergraduate admission program, and did abigail fisher, was she injured by what the university of texas did? so i want to start by explaining a little more than stuart did about the admissions program and what it's supposed to do and what it's not supposed to do
CBS
Dec 26, 2012 5:30pm PST
in u.s. history involving an automobile defect. toyota has agreed to pay $1.1 billion to reimburse owners and install new safety equipment. dozens of drivers have claimed their cars accelerated without warning. more than 14 million cars were recalled in 2009 and 2010, but, as part of the settlement, toyota admits no fault. the forecast for this year's holiday sales were apparently way off. last week, the retail analyst shoppertrak projected sales this year would go up 2.5%, but a new report puts it at 0.7%, the weakest season since 2008. we asked elaine quijano to find out why shoppers were not in a spending mood. >> reporter: the early indications are that shoppers weren't in the holiday shopping spirit this year, and some of the reasons had nothing to do with the economy. dana telsey is a retail analyst. >> whether it was hurricane sandy, the need to spend on the home; whether it was the tragedy in connecticut, and took away the feel-good factor-- it was a confluence of events that led to a "should have been better" holiday season. >> reporter: a big part of the problem was in th
FOX
Dec 27, 2012 4:00am PST
toll on the southern plains and deep south. creative acccounting at the federal level. with the u.s. expected to reach its $16.4- trillion debt ceiling before the end of the year, the treasury department will undertake acccounting manuvers to create $200 billion in what treasury secretary timothy giethner calls "headroom." call it, "in your facebook." an instagram user has filed what could become a class-action lawsuit over a policy change that would allow instagram to sell ads using a person's name or photo published on the website. instagram announced it would backtrack on the idea, but eventually wants to come back to users and explain its intentions. the u.s. government may expand its mortgage refinancing program to include borrowers not backed by fannie mae and freddie mac and also include borrowers who owe more than their homes are worth - about 22% of all homes with a mortgage. from department stores to bookshops to jewelry sellers, a lot of retail stocks are dragging around their empty boxes and gift wrap post- christmas. mark sebastian of option pit joins us. mark, welcome
KRON
Dec 27, 2012 4:00am PST
social features to it streaming media service in the u.s.. >> the company confirms that the congress passed a bill that drops restrictions on sharing user's video rental history. these revisions now with president obama signature before becoming law. >> lifting the restrictions allowing net flicks his additional there was also to media outlets by facebook and twitter. >> the new feature will be available to use in the u.s. starting the new year. >> continuing to track gas price across the bay area the average price of private picture posted by mark zuckerbergs sister on a parcel that the profile of the lead. facebook marketing directors of following them posted on twitter count for more than $40,000 to sea. >> and his sister ready to it at the facebook directors and a picture was meant for france only. >> content to dry gas price across bay area the average price per gallon of regular gasoline remains at three rows in sentences col. $3.49 and oakland. $3.50 in san jose. and at $3 system to sent here in california statewide. >> to toyota settled with our orders over unintended acceler
CNN
Dec 27, 2012 8:00am PST
product and a 9.1% unemployment rate by the end of next year. markets in the u.s. and around the world could take a hit. right now the dow is down almost 100 points. no santa clauz rally this year. managing director of the boston consulting group joins me from chicago. great to see you. happy holidays. let's talk about the effect on the economy. i think it's important to point out that it if no deal is reached by january 1st, some things will take effect right away. 2% increase in payroll taxes. no more unemployment benefits for 2 million americans. others will take a little longer to take effect. having said that, what will be the impact on the economy long-term, do you think? >> i think you have to look at this more than as a fiscal cliff but as a fiscal slide. what we're doing is we're beginning a slide and we're going to slide slowly if we don't do something by february we'll have a debt limit crisis that will also cause us so accelerate and reduce the confidence in the united states of america, which is something we should not allow to have happ happen. by march, all of a sudden t
FOX Business
Dec 27, 2012 4:00pm EST
. the currency continuing to decline against the u.s. dollar hitting a 27 month low against our currency. japanese officials signalling that they would do anything basically they could to advance efforts to weaken the currency. a big story there as well. david: you think we're printing like crazy, wait till you see what the japanese do. as the markets crawl back the volatility index, losing all its gains after hitting its highest level since late july, remember when volatility is up, it usually means the market is down. for five months the vix has traded below its two decade historical average of 20. longest such streak in more than five years. but over the last month, it has rallied about 23%. but ending down for the day. shibani: a lot of uncertainty in today's markets. with the markets bouncing back and bouncinn around surrounding fiscal cliff talks and the clouds overhead, wouldn't it be nice to take a vacation, even better, one that's priced well, a bargain. coming up travelocity senior editor lets us in on deals for new year's eve and what's going to be hot for 2013. looking forwar
ABC
Dec 26, 2012 4:00pm PST
. an attorney says it's worth more than $1 billion, the largest settlement in u.s. history. toyota recalled 14 million vehicles world wide, because of acceleration problems in several models and brake defect was the prius. a judge must approve this settlem% despite recalls toyota said set to overtake general motors toyota lost the top spot in 2011 when sales were hit by the earthquake and tsunami. >> holidays gave less than stellar sales to retailer autos cory johnson joins with us your bloomberg after the bell report. cory? >> hi, good after the. online brick and mortar companies not feeling too cheery this day after christmas. numbers show that growth is slowing according to mastercard advisor spending pulse. yes that is the name of the seven-tenths of a percent this year. mastercard has online sales rose 8.4% to $48 billion we havewell off last year's rate of growth. not all predictions says the sales should rise 16% this holiday season. that compares to 15% last year kÑ come core, ibm says online sales on christmas day grew 22% up from 60% growth rate last year. shares of research in mot
CBS
Dec 26, 2012 6:00pm PST
. >> most all of the hangers we buy today are made in vietnam or china. >> reporter: the u.s. commerce department says vietnam and china have flooded the market forcing nearly all u.s. manufacturers out of business. so the feds slapped a 187% tariff on the imported hangers. more than doubling the cost to dry cleaners. >> that certainly drove the price of hangers up. we were paying probably 4 to 5 cents a hanger and now we're paying up to 9 to 10 cents each. >> reporter: the co-owner says customers noticed the price increase. >> customers never like it but as costs go up, supplies, you have to do it. >> reporter: steve and janice say hangers are hardly worth harping about. the real cost increases are from utilities, chemicals and wages. when you run through nearly 10,000 hangers a month, every cent counts and recycling is encouraged. she says if you have hangers hanging around the house hand them back in. that's fewer foreign hangers that have to be purchased. in albany, don ford, cbs 5. >>> important news for people who drive a prius. toyota has agreed to pay some former prius owners a
MSNBC
Dec 26, 2012 11:00pm PST
watchers see the u.s. drowning in its own dysfunction? or will obama and the dead-end opposition it faces be saved by the public's horribly low expectations of what they can do? what will prove stronger for obama and boehner? the barrels they're riding in or >>> heading over niagra falls in a barrel. let's play "hardball." >>> good evening. i'm chris matthews in washington. let's start with this. president obama and his republican opponents are about to go over niagra falls in a barrel, but nobody knows for shush how bad it's going to be. will the economy smash on the rocks below? will the stock market plunge a thousand points and keep on dropping? will the world money watchers see the u.s. drowning in its own dysfunction? or will obama and the dead-end opposition it faces be saved by the public's horribly low expectations of what they can do? what will prove stronger for obama and boehner? the barrels they're riding in or the power of niagra falls itself? joining me now is politico's jonathan ryan. how about an answer on that one? what's going to protect these guys more? the low expectat
FOX News
Dec 27, 2012 6:00am PST
of the economy. the average number of people in the u.s. seeking unemployment benefits over the past month fell to the lowest level since march of 2008. it's a sign that the job market may be healing. the report included a caveat though for the latest week. president obama declared monday a holiday for federal workers and many state offices followed suit and were unable to provide complete data for last week's jobless claims. gregg: well a very important ruling over the so-called contraceptive mandate in the health care law. the u.s. supreme court has denied accident -- the request by the christian owned hobby lobby, for a requirement to provide contraception coverage and the fines that come with that if the company does not comply. jonah goldberg, editor-at-large at "national review" and fox news contributor. jonah, what do you make of the supreme court saying, we don't want to decide this? >> yeah, sort of a more complicated story. it was really justice sotomayor as the justice who oversees the 10th service denying request for injunction to basically stop the law being implemented for the hob
FOX Business
Dec 27, 2012 11:00am EST
market issue. they will lose confidence in the u.s. government stability to pay its bills without trading mass inflation. that is the big problem. yes, interest rates have been artificially low. they will not stay artificially low. when foreigners start selling dollars, rates will go up and consumer prices will go up. take a look at what has happened in the crude oil market. that chart looks really strong. it will hit the consumer right in the wallet. ben bernanke has already said he does not care how much inflation hits. >> you know, i just believe we are in a holding action until we resolve these immediate political problems. i agree with you was. this is a political crisis first and foremost. it is a weak economy. getting weaker. bond yields are going down. i think what peter speaks of is certainly possible in the near future. perhaps, the more distant future. bottom line, i expect more softening and a lack of confidence. >> the fact of the matter is, big government is very expensive. we need much higher taxes on the middle class. not on the rich, on the middle class. if they do not wa
KRON
Dec 27, 2012 7:00am PST
. for a year old schatz is a former white democratic party chairman and lawmaker. he was chosen over u.s. rep colleen had help boost the home was suggested shortly before it and always death. >> not allowing the vast majority of the house of representatives to get what they want. if that to 50 would be brought up it would pass over. on any given day for the last five or six months since the giant banner could have passed tax cuts and it would pass. he is doing, he has made the decision that he does not won a vote on it. because if he voted on it it would pass. i have sat here mr. president is not too late for this eager to take up the senate-passed bill. that time is winding down. today is thursday, he is going to get 48 hours' notice of the house before they come back. 48 hours from today is saturday. with just that one vote middle-class families would have security that taxes would not go up by at least 20 to $100 by new year's day. that is the average, some would go up more some less of course. the speaker should call back to the house today, he should not have let them go. they are not he
CNBC
Dec 27, 2012 6:00am EST
have marginal movement, the cac up 4.2%. the ftse 100 up above .23%. >> u.s. equity futures at this hour -- whoa. hold it. >> what are you looking at? u.s. equity futures. >> it's okay on. didn't we already do this? >> i don't care. i really don't. the new prompter is giving you fits. and yesterday, it ended with a -- did you see that one yesterday? a word ended with a n and the next one i introduced the like like t. boone pickens or something like that. >> we have a new teleprompter and it adds words. >> that's special. >> and people that, you know, that's where we get all of our info, right out of that baby there. anyway, futures are up 14 points. 13114 is where we are right now. i don't know. fiscal cliff is three days away and we're still above 13,000. that's what we're talking about. you would think if the growth was going to flow based on us going over the cliff, you would think oil would start to weaken. we haven't seen that much in that respect, either. as far as the ten year, stable at 98 of 6719. finally, gold -- i don't know. bernanke is on full 85 billion a month
ABC
Dec 27, 2012 2:35am EST
immigrants facing deportation to stay in the u.s. >> in their hearts, in their minds, they are americans through and through. >> reporter: and he was rewarded on election day. hispanics made up 10% of the electorate this year. and the president won 71% of them. mr. obama had the power of the presidency, but he also had his own missteps, which kept romney in the running. >> you didn't build that. >> reporter: neither side saw a major bounce out of the convention. both may be remembered for moments that didn't come from the candidates. >> what do you mean shut up? >> the numbers don't add up. >> reporter: just as romney's campaign was hoping to hit the reset button, another major self-inflicted wound. >> the 47% that depend on government. >> reporter: pundits declared doom for the public contender. but the president didn't bring that up in the first debate, giving romney a convincing win. then a late october surprise from mother nature that put the campaign on hold. >> this morning, the perfect storm. >> reporter: and resulted in some strange political bedfellows. >> i want to thank the pr
CNN
Dec 27, 2012 11:00am PST
and the state of hawaii and the nation. inouye had recommended colleen -- to replace him. the u.s. could be hitting the debt ceiling. up next, timothy geithner sounds the alarm on what congress should be doing now to avoid defaulting on debt. [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast. [ male announcer ] stop the uh-oh fast with kaopectate. . >>> so you think you have wrapped your head around the so-called fiscal cliff. good for you
CW
Dec 26, 2012 10:00pm PST
or china. >> reporter: the u.s. commerce department says they have flooded the market, forcing all u.s. manufacturers out of business. so the feds slapped a 187% tariff on the imported hangers, more than doubling the cost to dry cleaners. >> that certainly did drive the price of hangers up. we were paying probably 4-5 cents a hanger. now it's anywhere from 8-10 cents a hanger. >> reporter: customers noticed. >> they never like it, but it's the cost of supplies. you have to do it. >> reporter: hangers are hardly worth harping about. the real cost increases are from utilities, chemical, and wages. >> reporter: when you run through nearly 10,000 hangers a month, every cent counts. and recycling is highly encouraged. if you have hangers hanging around the house, hand them back in! that's fewer foreign hangers that have to be purchased. >>> welcome to the wettest month of 2012! it was march until yesterday. now we've seen half a foot of rainfall in san francisco. we're dry tonight. how long is that going to stick around? ,,,,,,,,,,,,,, the storm system spawned tornadoes in some states and
ABC
Dec 27, 2012 4:30am PST
any reason not to sign the bill. putin says u.s. authorities deny russia access to children adopted from the country. d the law will deny many russian children the opportunity to get a family. unicef estimates there are 740,000 children without parents in russia. >>> do you use those companies that give a cash advance for a paycheck? >> if so, you may be getting some of that money back. >> health scare for a protected panda. we'll tell you what sent teams racing to its res >>> good morning thursday, 4:52. live look from mount sutro toward san francisco what do you not see? rain. that's only short-lived. tomorrow the rain moves back in. mike has more on when that is going to happen, coming up. >>> the u.s. department of commerce is due to release figures for new home sales. today's update for november will likely hold steady3íÑ,ç ift rise a bit, they predict 375,000 in new sales. numbers slipped last month. new building permits ticked higher. the report is expected at 7:00 this morning. >>> thousands of california residents could be getting a big check thanks to a payday loan ste
CBS
Dec 26, 2012 5:00pm PST
. the porch at this home was destroyed. 34 tornadoes hit the southeast, the most ever in the u.s. on christmas day. years of drought in texas made the dry trees vulnerable to high winds. in arkansas, more than a foot of snow made for a rare day of sledding. more than 200,000 people have no power in the south. as the storm heads east, heavy rain is flooding parts of south carolina, blowing snow causing white-out conditions in indiana and ohio. and blizzard warnings are posted as far north as maine. this storm is wrecking travel plans. more than 900 flights have been canceled across the u.s., with more expected in the next couple of days. here at reagan national airport, freezing rain is delaying some flights. but many passengers are stuck because of snow at their destinations. >> a cancellation? >> reporter: dorian friedman and her daughter were going to lansing, michigan. >> i had a bad feeling on the way here and said, i don't see any planes taking off or landing. so we weren't surprised. but it's a little frustrating. >> reporter: this storm is now bringing snow, freezing rain and high winds
CBS
Dec 26, 2012 11:00pm PST
. >> most all the hangers are made in vietnam or china. >> reporter: the u.s. commerce department says vietnam and china have flooded the market, forcing nearly all u.s. manufacturers out of business. so the feds slapped a 187% tariff on the imported hangers, more than doubling the cost to dry cleaners. >> we were paying probably 4 to 5 cents a hanger, now we're paying upwards of 10 cents a hanger. >> reporter: janice says customers noticed the price increase. >> customers never like it. but as costs go up for supplies, we have to do it. >> reporter: janice says hangers are hardly worth harping about. the real costs are from utilities, chemicals and wages. well, when you run through nearly 10,000 hangers a month, every cent counts, and recycling is highly encouraged. she says if you have hangers hanging around the house, hand them back in. that's fewer foreign hangers that have to be purchased. in albany, don ford, cbs 5. >>> welcome to the wettest month of the year. that was held by march for much of the year, but we eclipsed that yesterday. here's a peek outdoors. no rain tonight. b
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